VMware To Buy SpringSource For Java, Open-Source Technology
VMware Monday said it will acquire enterprise application and Java developer SpringSource in a move to help the company work with customers to expand its open-source support and develop internal and external cloud computing architectures.
The acquisition would make VMware a major player in the open-source community and give it a new technology to better combat Oracle(NSDQ:ORCL), which has its own virtualization technology and which will shortly take over Sun Microsystems (NSDQ:JAVA) and its Java technology.
VMware said it plans to pay about $362 million in cash and equity and assume about $58 million of unvested stock and options for its acquisition of SpringSource, which is expected to close this quarter. The acquisition has been approved by SpringSource’s shareholders, VMware said.
SpringSource is a developer of applications based on open-source technologies, and the company leads a number of open-source communities.
These include the Spring Framework, an enterprise Java programming model that VMware said currently supports about half of all enterprise Java projects. The Spring Framework is in use by about 2 million developers worldwide as a lightweight programming environment to make applications portable across open-source and commercial application server environments.
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